The company has set a price band of Rs 114–120 per share, with a minimum lot size of 1,200 shares, translating to an investment of Rs 1.44 lakh for retail investors. Shares are expected to be listed on the NSE SME platform on Monday, June 23, 2025.
Seren Capital is the book-running lead manager and Purva Sharegistry is the registrar to the issue. Mansi Share & Stock Broking is the market maker.
Ahead of the issue opening, Patil Automation GMP was Rs 22. The expected percentage gain per share is 18.33% over the issue price.
About the Company
Founded in 2015, Patil Automation is a Pune-based industrial automation firm offering turnkey solutions in welding and line automation. The company operates five facilities across India, including two in Pune, and caters to a range of sectors, particularly automotive, electronics, and general manufacturing.
Its core offerings include robotic welding systems, assembly lines, conveyor systems, leak testing machines, end-of-line inspection systems, and automated guided vehicles (AGVs). As of FY25, the company had a workforce of 244 full-time employees and 256 contract labourers, and served clients in 10 Indian states.
Financials and Growth
For the financial year ended March 2025, Patil Automation reported revenue of Rs 122.04 crore, a 3% rise year-on-year, and PAT of Rs 11.7 crore, a significant 49% increase over the previous year. The company also posted an impressive return on equity (ROE) of 27.28% and PAT margin of 9.91%.
The company’s market cap post-issue is expected to be Rs 261.85 crore, with a post-issue P/E of 22.38x, based on FY25 earnings.
Use of Proceeds
Proceeds from the IPO will be used to fund the setting up of a new manufacturing facility (Rs 62.01 crore), repay debt (Rs 4 crore), and meet general corporate expenses.
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